Coal imports by power companies surge - Scindia

NEW DELHI Fri Feb 21, 2014 12:16am IST

A worker sits on a truck as he waits for the loading of coal at a railway coal yard on the outskirts of Ahmedabad November 25, 2013. REUTERS/Amit Dave/Files

A worker sits on a truck as he waits for the loading of coal at a railway coal yard on the outskirts of Ahmedabad November 25, 2013.

Credit: Reuters/Amit Dave/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - Coal imports by power producers surged 31 percent to 66 million tonnes in April-January compared with the same period a year earlier, the power minister said on Thursday, as coal-based generation rose but domestic coal shortage continued.

India's rush to add power capacity after years of under-investment has forced electricity generators including NTPC Ltd (NTPC.NS) to import coal heavily as state-run monopoly Coal India Ltd (COAL.NS) has struggled to meet demand.

In April-January power producers imported 31 million tonnes of coal to blend them with lower quality varieties and about 35 million tonnes for plants that depend exclusively on coal from overseas, Power Minister Jyotiraditya Scindia said.

India's coal-based power generation rose 8 percent to 587.64 billion kilowatt hour during the period from a year earlier. Power companies are likely to import 82 million tonnes this fiscal year ending March 31, he added.

This was the first government data released on coal imports so far this fiscal year.

Research firm OreTeam told Reuters last month that total coal imports by industries such as power, steel, cement and others rose 21 percent to 152 million tonnes in 2013 and that shipments could rise to 170 million tonnes this year.

Top suppliers Indonesia, Australia and South Africa are the biggest beneficiaries of India's growing demand for coal, with Coal India estimating that India's coal shortage would hit 350 million tonnes in 2016-17.

India is trying to push Coal India, which accounts for about 80 percent of the country's total production, to raise output after the firm recorded six straight years of below-target output due to difficulties in obtaining environmental approvals, lack of railway access and other issues.

(Reporting by Krishna N Das, editing by David Evans)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Jaitley's Health

Jaitley's Health

Finance minister back in hospital for check-up.  Full Article 

Modi's U.S. Visit

Modi's U.S. Visit

Modi to observe strict fast during maiden trip to U.S.  Full Article 

Mangalyaan

Mangalyaan

India's Mars mission a step closer to success with engine test  Full Article 

Shortage of Coal

Shortage of Coal

Coal import rush leads to port congestion  Full Article 

Alibaba IPO

Alibaba IPO

IPO ranks as world's biggest after additional shares sold   Full Article 

Bumper Sales

Bumper Sales

Apple sells more than 10 mln new iPhones in first three days  Full Article 

Asian Games 2014

Asian Games 2014

Full coverage of the 17th Asian Games as Incheon.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage